Platinum is forming a textbook symmetrical triangle—the kind pattern traders watch closely. This tightening price action signals shrinking volatility and real uncertainty about direction.
Two consecutive doji candles (yesterday and today) tell the story: neither bulls nor bears are pushing hard enough to close decisively. When you see this equilibrium play out, what matters next is the breakout. Price is trapped in this compression zone, waiting for conviction to arrive.
These sideways moves often precede sharp moves—could break either way. The setup itself reveals hesitation, but that hesitation won't last forever.
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Platinum is forming a textbook symmetrical triangle—the kind pattern traders watch closely. This tightening price action signals shrinking volatility and real uncertainty about direction.
Two consecutive doji candles (yesterday and today) tell the story: neither bulls nor bears are pushing hard enough to close decisively. When you see this equilibrium play out, what matters next is the breakout. Price is trapped in this compression zone, waiting for conviction to arrive.
These sideways moves often precede sharp moves—could break either way. The setup itself reveals hesitation, but that hesitation won't last forever.